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Ali
Ali is a 49 year-old man who lives in Bint Jbeil southern Lebanon with his wife and their five children. Ali has owned a shoe shop since 2007. He decided on this business because of his experience in shoe sales and likes his work. He requests a loan from A. Majmoua in order to purchase merchandise for the coming season. This is the first time that he has requested a loan. His clients are people from his region. In the future, he plans on improving his store.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • 1,496.6
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ali to purchase merchandise for the coming season.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2010
Listed
Mar 5, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011